InsurTech Center

User-based insurance leads the charge toward personalization

One-size-fits-all insurance is a thing of the past. Today's consumers want coverage that better reflects their usage and behavior.

By Joel Yarde | February 08, 2021 at 08:00 AM

Auto coverage is by far the most widely adopted use case for User Based Insurance (UBI), with insurers offering drivers insurance based on how far, how well, when, and even why they drive. (Photo: Stanisic Vladimir/Shutterstock.com)

Regulation, technology and globalization have significantly changed the insurance industry over the last few decades.

Nothing, however, has impacted the insurance industry as much as the changing needs of the consumer.

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